Vanderbilt expects $50 million loss in funds

2:15 AM,
Mar. 7, 2013

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Vanderbilt University's hospitals and medical research programs are bracing to absorb a $50 million loss in revenue because of the sequester and other federal funding cutbacks.

Dr. Jeff Balser, dean of the Vanderbilt School of Medicine, issued a letter this week asking employees to look for ways to reduce expenses, improve efficiency and find new sources of income to "avoid or minimize workforce reductions."

The $50 million loss in revenue amounts to 1.6 percent of Vanderbilt University Medical Center's $3.1 billion operating budget. ...